What are you forgetting? Reviewing commonly overlooked fiduciary duties
Abstract: Although retirement plan fiduciaries take their jobs seriously, it can be hard to cover all the bases. That’s understandable, considering the broad scope of fiduciary responsibility as well as the dynamic nature of the retirement plan designs, investment management and legal interpretations of fiduciary duty. This article highlights some common pitfalls, including failing to identify the plan’s fiduciaries, insufficiently training fiduciaries, and spending too much time on inappropriate investments.